{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PT-PT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Crypto+adoption%3A+South+Africa+to+test+a+CBDC&text=The+Reserve+Bank+of+South+Africa+has+announced+that+it+will+be+investigating+a+central+bank+digital+currency+in+the+country.&text=The+bank+of+South+Africa+is+the+most+recent+to+begin+looking+at+the+possibility+of+a+national+%3Ca+title%3D%22Crypto+Trader+Test+%26amp%3B+Review%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcrypto-trader-review%2F%22+data-replaced%3D%22true%22%3Ecryptocurrency%3C%2Fa%3E+A+central+bank+digital+currency+%28CBDC%29.+According+to+a+press+release+from+the+Reserve+Bank+of+South+Africa%2C+the+country+will+commence+preliminary+studies+regarding+how+feasible+a+digital+currency+could+be+in+the+African+nation.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Ca+href%3D%22https%3A%2F%2Fwww.resbank.co.za%2Fcontent%2Fdam%2Fsarb%2Fpublications%2Fmedia-releases%2F2021%2Fcbdc-%2FFeasibility%2520study%2520for%2520a%2520general-purpose%2520retail%2520central%2520bank%2520digital%2520currency.pdf%22%3EAs+per+the+announcement%3C%2Fa%3E%2C+the+Reserve+Bank+will+be+investigating+the+feasibility%2C+desirability+and+appropriateness+of+a+South+African+CBDC+as+legal+tender+in+the+country+to+complement+cash.+The+study+will+see+how+digital+cash+might+be+able+to+work+hand+in+hand+with+the+traditional+finance+system+to+offer+the+best+of+both+cash+and+electronic+payments.+The+South+African+Reserve+Bank+will+focus+on+investigating+how+a+CBDC+might+impact+the+system+in+retail+use+in+the+country.+As+the+announcement+noted%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Cem%3E+The+objective+of+the+feasibility+study+is+to+consider+how+the+issuance+of+a+general-purpose+CBDC+wCBDC+will+feed+into+the+SARB%E2%80%99s+policy+position+and+mandate.+The+SARB+is+one+of+a+growing+number+of+central+banks+looking+at+the+feasibility+of+the+issuance+of+digital+currencies.+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%0AAccording+to+the+bank%2C+the+initial+investigation+will+concentrate+on+looking+at+how+practical+implementation+might+impact+the+retail+space.+The+feasibility+study+will+implement+the+technology+across+industry+with+a+number+of+factors+considered+and+studied%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Cem%3E%22The+study+will+focus+on+the+issuance+of+a+domestic+CBDC+that+can+be+used+by+consumers+in+South+Africa+for+general+retail+purposes.+The+feasibility+study+will+include+practical+experimentation+across+different+emerging+technology+platforms%2C+taking+into+account+a+variety+of+factors%2C+including+policy%2C+regulatory%2C+security+and+risk+management+implications.%22+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%0AAccording+to+the+bank%2C+the+investigation+is+set+to+launch+and+conclude+sometime+next+year+-+although+finer+details+were+not+mentioned.+At+present%2C+the+South+African+Bank+has+noted+that+this+does+not+mean+a+CBDC+will+be+confirmed+or+issued+and+the+decision+will+be+made+based+on+the+results+of+the+study.","timeout":15}